Sam Altman Says OpenAI Never Clawed Back Any Employee’s Vested Equity and Will Never Do Such Thing in Future

New Delhi, May 19: OpenAI CEO Sam Altman on Sunday clarified that the company has never clawed back any employee's vested equity and will never do such a thing in the future. Altman responded to a media report that claimed that the ChatGPT maker revoked employees' vested equity (or stock option) in the company, following two high-profile departures.

Altman said that they will never do this "if people do not sign a separation agreement (or don't agree to a non-disparagement agreement)". "Vested equity is vested equity, full stop," he posted on X social media platform. According to him, there was a provision about potential equity cancellation in the company’s previous exit documents. Who Is Prafulla Dhariwal? Why OpenAI CEO Sam Altman Praised His Contribution to GPT-4o? Know All About India’s Techie and His Work.

"Although we never clawed anything back, it should never have been something we had in any documents or communication. This is on me and one of the few times I've been genuinely embarrassed running OpenAI. I did not know this was happening and I should have," he explained. ChatGPT New Feature: OpenAI Integrates Google Drive and Microsoft OneDrive With ChatGPT; Check Details.

Altman said that the team was already in the process of fixing the standard exit paperwork over the past month or so. "If any former employee who signed one of those old agreements is worried about it, they can contact me and we'll fix that too. Very sorry about this," he posted.

(The above story first appeared on LatestLY on May 19, 2024 11:02 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).